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It appears that buyers are starting to return, which typically occurs during the second half of the month – a pattern observed by some analysts this year. For example, fighting between Russia and Ukraine intensified over the past weekend, which kept some investors on edge. For now, some alternative cryptocurrencies outperformed bitcoin on Monday, indicating […]
All in all, though, the price action looked pretty tame – just another day spent in a now months-long range between about $36,000 and $48,000. Meta, the entity formerly known as Facebook, released rough earnings, making many investors question the firm’s metaverse shift and weighing down heavy on metaverse majors. Prices were naturally compressed and […]
Bitcoin appears to be stabilizing after a 15% decline over the past two weeks. Still, BTC has remained in a tight trading range around the $40,000 price level over the past few months. On the weekly chart, BTC is holding long-term support above its 100-week moving average at $35,700. The leader in news and information […]
It appears that buyers are starting to return, which typically occurs during the second half of the month – a pattern observed by some analysts this year. For example, fighting between Russia and Ukraine intensified over the past weekend, which kept some investors on edge. For now, some alternative cryptocurrencies outperformed bitcoin on Monday, indicating […]
The disruption of the interconnected systems built since the fall of the former Soviet Union in 1991 could lead to a return of fragmented trade routes and supply chains. More recently, however, the trend appears to have reversed, prompting some pundits to predict a new era of deglobalization. Global supply chains have been disrupted, exports […]
Well then, why didn’t bitcoin’s price rocket up after the inflation print came out last week? Is bitcoin a bad inflation hedge? Is it ever going to be a store of value? For all its promise, Bitcoin’s sound money properties should predispose it toward being a useful inflation hedge and store of value. There’s not […]
Bitcoin is trading near the $40,000 support level, which runs through the lows of the first three months of the year. The Crypto Fear and Greed Index, a popular sentiment indicator that’s hosted on the website Alternative.me, suggested “extreme fear” among crypto investors on Friday, with a reading at 22. The leader in news and […]
MicroStrategy has spent $3.97 billion acquiring 129,218 bitcoins for an average of $30,700 apiece, he wrote. What began as an experiment with excess cash amassed during the coronavirus lockdown has yielded share sales, convertible note offerings and crypto-collateralized loans – all to buy more bitcoin. Executives’ bonus payouts are influenced in part by their contributions […]
For example, THORChain’s RUNE token rallied by 12% over the past 24 hours, compared with a 4% rise in BTC over the same period. Stocks also traded higher on Wednesday while the 10-year Treasury yield pared earlier gains. In crypto, some buyers have remained on the sidelines despite recent price bounces. A price low, however, […]
The $40,000 support level has maintained its status as the midpoint of the three-month long price range for BTC. BTC was trading around $40,900 at press time and is up by 2% over the past 24 hours. Immediate resistance is seen at $43,000, which could stall the current upswing in price. Further, a countertrend reversal […]
Good morning, and welcome to First Mover, our daily newsletter putting the latest moves in crypto markets in context. The Bank of Canada is also due for a similar oversized move later this week while the European Central Bank is expected to raise borrowing costs four times within a year, according to Bloomberg. With so […]
Sharp price swings have been the norm this year as macroeconomic and geopolitical uncertainty kept traders on edge. For example, price action over the past two weeks has resembled pullbacks that occurred in the first half of February and March. NEAR, the native token of the Near protocol, was up by 3%, while Convex Finance’s […]
Bitcoin returned to above $40,000 on Tuesday as buyers reacted to short-term oversold signals. The relative strength index on the daily chart is near oversold levels, which means buyers could remain active heading into the Asia trading day. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is […]
President Joe Biden’s administration on Monday was already warning that the Consumer Price Index report for March, due out early Tuesday, would reveal inflation rising at an “extraordinarily elevated” pace. Now traders are assessing the potential impact of the balance sheet reduction – referred to as “quantitative tightening” – along with multiple interest-rate hikes of […]
Investors appear to be reducing their exposure to speculative assets, including stocks and cryptos, amid concerns about inflation and slower economic growth. Gold, a traditional safe haven, traded higher on Monday, while the Chicago Board Options Exchange’s CBOE Volatility Index , a measure of the stock market’s expectation of volatility based on S&P 500 index […]
Good morning, and welcome to First Mover, our daily newsletter putting the latest moves in crypto markets in context. Notably, the six-month skew has increased from -1% to 5% in one week. “In the current market, the most practical way to hedge with puts is still primarily done in BTC and ETH compared to any […]
Good morning, and welcome to First Mover, our daily newsletter putting the latest moves in crypto markets in context. Notably, the six-month skew has increased from -1% to 5% in one week. “In the current market, the most practical way to hedge with puts is still primarily done in BTC and ETH compared to any […]
BTC was trading around $40,500 at press time and is down 5% over the past 24 hours. The relative strength index on the daily chart is approaching oversold levels, which could pause the current price drop. On the weekly chart, momentum signals are still positive. The leader in news and information on cryptocurrency, digital assets […]
The world’s largest cryptocurrency fell under $42,000 during European trading hours, hitting the lowest level since March 22 and extending the decline from the late March high of $48,240, according to CoinDesk data. The dollar index , which tracks the greenback’s value against a basket of major currencies, tapped two-year highs above 100 early today, […]